If a Negative Externality Results from the Production of Chemicals

question 226

True/False

If a negative externality results from the production of chemicals, an external cost is imposed on parties not directly involved in the market for the chemicals.

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Definitions:

Stressful Situations

Circumstances or events that cause a state of tension or anxiety in individuals.

Depression

A psychological condition marked by a continuous low mood or a lack of enthusiasm for activities, leading to considerable disruption in daily functioning.

Locus of Control

A psychological concept that refers to the extent to which individuals believe they have power over events in their lives.

George Kelly

An American psychologist noted for his contribution to personal construct psychology, emphasizing how individuals interpret events and develop cognitive systems.